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November 20, 2009
Cavu Resources, Inc. (OTC:
CAVR)
Price: .45
Comments:
CAVU Resources, Inc. Announces $2.4 Million Letter of Intent
to Acquire ASG, Inc. - Today
CAVU Resources, Inc.announced that it has
entered a Letter of Intent to acquire 100% of the outstanding shares of ASG, Inc. and its wholly owned subsidiaries Applied Survey Systems, Inc., Applied Survey Systems Canada, Inc. and Strata Data, Inc. for $2.4 million in stock and an assumption of $450,000 in debt.
ASG and its subsidiaries provide on a global basis the following services and
benefits, Gyroscopic and Magnetic survey and guidance services to the Oil & Gas,
Mining and Construction industries. Applied Surveys utilizes rate-gyro technology adopted from the Aerospace industry. The Target INS is a velocity aided true north-finding navigation system with continuous on the fly survey speed limited only by the speed of the wireline. It utilizes innovative strapped down gyros and accelerometers, advanced sensor error compensation and online sensor calibration using sophisticated on-board filtering techniques. These techniques allow accelerated completion time over competing systems.
ASG`s wholly owned subsidiary Strata Data, Inc. is a diverse geophysical logging
company located in Casper, Wyoming, servicing the needs of the mining industry in
addition to groundwater development projects for municipalities and individuals. Within the mining industry, StrataData operates in a variety of mines from gold exploration and coal to uranium exploration. With concern for the environment taking an increasing percentage of energy exploration and production budgets, StrataData has been involved in extensive groundwater monitoring and hazardous waste reclamation projects across the entire western region of the United States. Strata plans to expand its logging and wireline business to include oil and gas with operations opening in Tulsa in the next 30-60 days.
"This puts us in a very favorable position, providing opportunities in both the US
and overseas specifically in the Mid East with plans for three test projects in Abu
Dhabi. The acquisition of these companies with unique and proven technology, puts
CAVU in the position to become a leader in energy recovery technologies," said William C. Robinson, President of
CAVU Resources, Inc.
Chart Watch
Slim pickings on the chart scans today - but here`s a long and a couple short
candidates:
Long:
Pro Shares Ultra Short Silver (NYSE:ZSL)
Personally, I`m not betting against silver long term given the ineptitude of our
government. If you believe the government is inept, then gold and silver will
continue to go up. So in my opinion, silver may correct here in the short-term providing traders with an opportunity to make a quick gain on this short silver etf. Relatively tight stops should be used.
Shorts:
Buffalo Wild Wings, Inc. (NASDAQ:BWLD)
BWLD on the downtrend - I ate their boneless wings with teryaki sauce the other
day. The sauce was horrible. I felt like i was going to have a heart
attack after eating it.
Citrix Systems, Inc. (NASDAQ:CTXS)
CTXS trending down - might be good for a point or two.
Good luck and happy hunting! - Dave Reiner
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